The Middle East & Africa construction adhesive market is estimated to grow at a significant CAGR during the forecast period, 2021-2028. Growth of the market is attributed to flourishing construction segment in Saudi Arabia, growing demand for well ventilated, insulating, and sound-proofing industries.
With the increasing construction projects the demand for the adhesives in the healthcare infrastructure and construction industry is increasing rapidly.
Research and development towards the formation of bio-based adhesives and aiming towards adhesives bonding for composite materials is most likely to offer immense opportunities for the key players in the market.
Market Trends, Drivers, Restraints, and Opportunities
- Increasing number of construction activities in the region is expected to drive the market during the forecast period.
- Growing demand for well insulating and sound proofing industries is estimated to boost the market in the coming years.
- Increasing investment in infrastructure such as expansion joints, panels, healthcare infrastructure, dams, and bridges is anticipated to fuel the market during the projectile period.
- Rising awareness about stringent regulation against VOC emission from adhesive act as a major challenge that can hamper the market growth in the coming years.
- Increasing government initiatives to encourage construction activities in the region is one of the major factors that can propel the market during the forecast period.
- R&D and technological advancement towards the formation of bio-based adhesive is anticipated to offer significant opportunities for the key players in the market.
- Rapid growth in the construction and infrastructure industry is a key factor boosting the market.
Scope of the market
The report on Middle East & Africa construction adhesive market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.
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Attributes
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Details
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Report Title
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construction adhesive market – Middle East & Africa Industry Analysis, Growth, Share, Size, Trends, and Forecast
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Base Year
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2020
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Historic Data
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2018–2019
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Forecast Period
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2021–2028
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Segmentation
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Resin Types (Epoxy, Silicones, Acrylics, Polyvinyl Acetate (PVA), Polyurethanes, Other Resin Types), Technologies (Reactive, Hot-Metal, Water-borne, and Others), End-user Sectors (Commercial, Residential, Industrial, and Infrastructure)
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Geographical Scope
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Saudi Arabia, South Africa, Rest of Middle East and Africa
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Report Coverage
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Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast
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Key Players Covered in the Report
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3M; Henkel AG & Co.KGaA; Dow; Sika AG; H.B. Fuller Company.
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Market Segment Insights
The polyurethanes (PU) segment is expected to hold key share of the market
On the basis of resin types, the market is segregated into epoxy, silicones, acrylics, polyvinyl acetate (PVA), polyurethanes, and others. The polyurethanes segment is expected to hold a key share of the market in the coming years owing to adhesive bonding technology and varies in composition it is majorly used in construction industry in a wide range of application.
The water borne segment is estimated to hold a large market share
Based on technology, the market is differentiated into reactive, hot-metal, water-borne, and others. The water borne segment is projected to hold a large market share during the forecast period owing to its pressure sensitive in nature, used as labels and tapes in construction sector, considered low-VOC adhesive, and is produced from either natural polymer or soluble synthetic polymer.
The infrastructure segment is anticipated to represent a major market share
In the term of end-user sectors, the market is fragmented into commercial, residential, industrial, and infrastructure. The infrastructure segment is anticipated to represent a major market share due to government initiatives rapid increase in construction activities, rising demand for innovative and new products, and adoption of bio-based adhesives is estimated to increase the market expansion. On the other hand the commercial segment is expected to grow at a rapid rate due to various applications can be used such as cement joint, flooring, and roofing.
Saudi Arabia is anticipated to dominate the market
In the terms of geography, the market is segregated into Saudi Arabia, South Africa, and Rest of Middle East & Africa. Saudi Arabia is anticipated to dominate the market owing to growing construction segment, initiative taken by government to attract FDI’s, plans to promote tourism, and several hotel projects are still under development phase that make them demand more for the adhesive.
Segments
Segments Covered in the Report
The construction adhesive market has been differentiated on the basis of
Resin Types
- Epoxy
- Silicones
- Acrylics
- Polyvinyl Acetate (PVA)
- Polyurethanes
- Others
Technologies
- Reactive
- Hot-metal
- Water-borne
- Others
End-user sectors
- Commercial
- Residential
- Industrial
- Infrastructure
Geographies
- Saudi Arabia
- South Africa
- Rest of Middle East and Africa
Key Players
- 3M
- Henkel AG & Co.KGaA
- Dow
- Sika AG
- H.B. Fuller Company
Competitive Landscape
Key players competing in the Middle East & Africa construction adhesive market include 3M; Henkel AG & Co.KGaA; Dow; Sika AG; and H.B. Fuller Company.
Some of these players are targeting on business strategies such as mergers, acquisitions, partnerships, collaborations, capacity expansion, and product launches to increase their market shares.
In December 2020, H.B. Fuller Company introduced extreme cold resistant adhesives for the pharmaceutical industry.
In July 2021, H.B. Fuller Company and Covestro joined forces to make adhesives more sustainable.
In September 2021, H.B. Fuller Company launched a new range of adhesives for paper straws in India.
In March 2021, Sika AG acquires DriTac, a US based floor covering adhesive company specialized in wood flooring bonding.
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